$253,750
SOLD JUL 23, 2025
-- Bed
-- Bath
2,300 Sq Ft
1915 Built

Recently Sold

$110 Per Sq Ft

9% Below List Price

18 Days on Market

About This Home

As of July 2025

5-UNIT PROPERTY IN NORTH CHICAGO. HAS SERVED AS AN OPERATING RENTAL PROPERTY FOR LAST TEN YEARS. INVESTOR-OWNED. 2-CAR DETACHED GARAGE AS WELL. 3 1-BED UNITS, 1 2-BED UNIT, AND 1 3-BED PENTHOUSE UNIT. TENANTS PAY THEIR OWN HEAT. OWNER PAYS FOR HOT WATER. BACKYARD FOR TENANTS TO ENJOY.

Last Agent to Sell the Property

Brent Horvay

The Horvay Group LLC License #471001904 Listed on: 06/05/2025

Last Buyer's Agent

David Garrigus

Castlewood Properties License #471003995

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,911

Year Built

  • Built in 1915

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 38x135

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $950
  • Fuel Expense $950
  • Insurance Expense $4,173
  • Maintenance Expense $2,700
  • Trash Expense $950
  • Water Sewer Expense $950
  • Operating Expense $19,407
  • Gross Income $51,600
  • Net Operating Income $29,493

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,911

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1915
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 279900

Utilities

  • Cooling: None
  • Heat/Ventilation: Electric,Forced Air,Gas

Fee Information

  • Trash Expense: 950
  • Water Sewer Expenses: 950
  • Janitor Expense: 1290

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 38X135

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 29493
  • Fuel Expense: 950
  • Insurance Expense: 4173
  • ElectricExpense: 950
  • GrossIncome: 51600
  • Maintenance Expense: 2700
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 19407
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 7910.76
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2025
Closed on
Jul 17, 2025
Sold by
Nevermore Investments Llc
Bought by
Clear Capital Llc
Seller's Agent
Brent Horvay
The Horvay Group LLC
Buyer's Agent
David Garrigus
Castlewood Properties
List Price
$279,900
Sold Price
$253,750
Premium/Discount to List
-$26,150
-9.34%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.30%
Original Mortgage
$190,312
Outstanding Balance
$190,312
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving
Estimated Equity
$57,106

Purchase Details

Closed on
Nov 12, 2015
Sold by
Guerrero Marcos
Bought by
Nevermore Investments Llc

Purchase Details

Closed on
Jan 5, 2004
Sold by
Scornavacco Michael A and Guerrero Marcos
Bought by
Guerrero Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2003
Sold by
Wykel Jack A and Hebel Annette
Bought by
Scornavacco Michael A and Guerrero Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.3%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $254,000 Chicago Title
Sheriffs Deed -- Attorney
Interfamily Deed Transfer -- --
Warranty Deed $115,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $190,312 Credit Line Revolving
Previous Owner $191,250 Commercial
Previous Owner $155,000 Commercial
Previous Owner $136,000 Commercial
Previous Owner $104,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Sold $253,750 -9.3% $110 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $279,900 -- $122 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,189 $61,777 $5,923 $55,854
2023 $6,400 $52,904 $5,072 $47,832
2022 $6,400 $45,294 $3,923 $41,371
2021 $5,481 $39,009 $3,521 $35,488
2020 $4,556 $33,376 $3,274 $30,102
2019 $4,299 $30,584 $3,000 $27,584
2018 $3,027 $18,629 $2,839 $15,790
2017 $2,847 $16,482 $2,512 $13,970
2016 $3,248 $18,362 $2,798 $15,564
2015 $3,034 $16,434 $2,504 $13,930
2014 $4,272 $25,758 $2,450 $23,308
2012 $4,456 $27,908 $2,656 $25,252
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12383935

Midwest Real Estate Data (MRED)

APN: 08-33-307-015